Cash flow statement

in € million¹
2017
2016
in € million¹
1. Operating activities
in € million¹
EBITDA
2017
3,752.4
2016
730.7
in € million¹
Changes in provisions
2017
-472.3
2016
721.9
in € million¹
Result from disposals
2017
-317.8
2016
-28.4
in € million¹
Other non-cash expenses/income
2017
-68.1
2016
-49.7
in € million¹
Change in assets and liabilities from operating activities
2017
-4,671.4
2016
-657.5
in € million¹
Inventories
2017
(-27.3)
2016
(67.9)
in € million¹
Net balance of trade receivables and payables
2017
(277.6)
2016
(-302.6)
in € million¹
Net balance of other assets and liabilities
2017
(-4,921.7)
2016
(-422.8)
in € million¹
Income tax received/paid
2017
81.1
2016
-243.4
in € million¹
Cash flow from operating activities
2017
-1,696.1
2016
473.6
in € million¹
2. Investing activities
in € million¹
Capital expenditure on intangible assets and property, plant and equipment
2017
-1,419.2
2016
-1,189.4
in € million¹
Disposals of intangible assets and property, plant and equipment
2017
52.8
2016
115.5
in € million¹
Cash received from construction cost and investment subsidies and tax refunds from recognised exploration expenditure
2017
113.8
2016
61.1
in € million¹
Acquisition of subsidiaries, entities accounted for using the equity method and interests in joint operations
2017
-227.9
2016
-961.3
in € million¹
Sale of subsidiaries, entities accounted for using the equity method and interests in joint operations
2017
235.4
2016
189.9
in € million¹
Cash paid for investments in other financial assets
2017
-721.2
2016
-331.6
in € million¹
Sale of other financial assets
2017
3,491.0
2016
2,065.2
in € million¹
Cash received/paid for investments in connection with short-term finance planning
2017
44.3
2016
39.4
in € million¹
Interest received
2017
452.1
2016
203.0
in € million¹
Dividends received
2017
139.6
2016
142.1
in € million¹
Cash flow from investing activities
2017
2,160.7
2016
333.9
in € million¹
3. Financing activities
in € million¹
Interest paid for financing activities
2017
-425.6
2016
-351.3
in € million¹
Dividends paid
2017
-84.7
2016
-226.1
in € million¹
Cash received for changes in ownership interest without loss of control
2017
1.5
2016
0.0
in € million¹
Cash paid for changes in ownership interest without loss of control
2017
0.0
2016
-8.0
in € million¹
Increase in financial liabilities
2017
302.3
2016
999.2
in € million¹
Repayment of financial liabilities
2017
-1,279.8
2016
-704.8
in € million¹
Payments from alterations of capital in non-controlling interests
2017
-55.0
2016
-25.6
in € million¹
Cash flow from financing activities
2017
-1,541.3
2016
-316.6
in € million¹
Net change in cash and cash equivalents
2017
-1,076.7
2016
490.9
in € million¹
Change in cash and cash equivalents due to changes in the consolidated companies
2017
300.3
2016
0.0
in € million¹
Net foreign exchange difference
2017
-1.9
2016
-0.4
in € million¹
Change in cash and cash equivalents
2017
-778.3
2016
490.5
in € million¹
Cash and cash equivalents at the beginning of the period
2017
3,991.6
2016
3,501.1
in € million¹
Cash and cash equivalents at the end of the period
2017
3,213.3
2016
3,991.6

1 Further information is available in the notes under (31) “Notes to the cash flow statement”. We publish the full set of consolidated financial statements

at www.enbw.com/report2017-downloads.

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